Montréal-based Osisko Mining Corp. (TSX:OSK), which operates the Malartic Gold Mine in Québec, has reached agreements with CPPIB Credit Investments, the Caisse de dépôt et placement du Québec and Ressources Québec, a subsidiary of Investissement Québec, to adjust the terms of its $225 million long-term debt facilities. A new repayment schedule was created for the $150 million CPPIB facility and $75 million in convertible debentures. Osisko is a portfolio company of the Fonds de solidarité des travailleurs du Québec FTQ.
Vancouver-based Huldra Silver Inc. (TSX VENTURE: HDA), a silver mining, exploration and development company, has obtained protection under the Companies' Creditors Arrangement Act (CCAA). While under CCAA protection, Huldra will continue to restructure its financial affairs and recommence operations at its mine and mill. The company's primary secured creditor, Waterton Global Value LP, managed by Toronto-based private equity firm Waterton Global Resource Management, will also extend up to $4.8 million in debtor-in-possession financing to Huldra.
HGGC said Thursday it completed the sale of hybris Software to SAP. with the exit, HGGC said that it has returned all of the committed capital from its $1.1 billion debut fund.
Bain Capital has recapped Blackhawk Specialty Tools. Financial terms weren't announced. Company management also invested. Houston-based Blackhawk Specialty provider specialty equipment and services to the oil and gas industry.
Pritok Capital has received a $7.2 million loan from Oxford Finance, a specialty finance firm that provides senior debt to companies in the life science and healthcare sector. Proceeds of the loan were used by Pritok to acquire Nentwick Care Center, a nursing facility in East Liverpool, Ohio. Pritok Capital is a private equity firm that invests in senior care real estate.
Spain-based airports operator AENA and AXA Private Equity have agreed to buy London Luton Airport from TBI Limited for $599 million. AXA Private Equity will have a 49% stake in the consortium while AENA will have a 51% stake. London Luton Airport is the UK's fifth largest airport in terms of passengers.
Global private investment firm H.I.G. Capital said Thursday that it has made a strategic investment in LG Sistemas. No financial terms were disclosed. Based in Brazil, LG Sistemas is a provider of human resources software.
Investcorp said Thursday that it has agreed to acquire Tyrrells Potato Crisps from UK private equity firm Langholm Capital for £100 million. Also based in the UK, Tyrrells is a maker of potato and vegetable chips. Investcorp, which has offices in the Bahrain, New York, London and Saudi Arabia, is a provider and manager of alternative investment products.
New York-based private equity firm Crestview Partners and employees of Victory Capital Management said Thursday that they have closed their previously announced $246 million acquisition of Victory from KeyCorp. Victory's CEO David Brown and President Christopher Ohmacht will continue in their roles. Both have also been named to the company's new board of directors along with Rich DeMartini and Alex Binderow of Crestvview. Headquartered in Cleveland, Ohio, Victory Capital is an asset management firm.
H-D Advanced Manufacturing Co. has acquired Innovative Mechanical Solutions Ltd. and Leading Edge Heat Treatment, which are known as iMech. Financial terms weren't announced. Edmonton, Canada-based iMech designs and make custom bearings for the directional drilling motor industry. The Riverside Company, Hicks Equity Partners and Weinberg Capital Group formed H-D in December.